What is the ruling on buying and selling electricity shares through Al-Rajhi Bank, knowing that the bank takes fees for this, and given that the buying and selling occur without the purchaser seeing the shares?
Source: FtawySummarized from the full answer at Ftawy · imported Sep 2, 2026
We previously discussed purchasing shares through Al-Rajhi Company and authorizing them for buying and selling. The questioner's statement, "and he deposits the value into my account and takes interest on it," has three possibilities: It could mean the share profits, which is permissible; or the company's commission, which is also permissible; or usurious interest, which is absolutely forbidden, and this is unlikely.
Summarized from the full answer at Ftawy · imported
Read the full answer on Ftawyhttps://ftawy.com/en/questions/52103
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- Ftawy
- Original fatwa ID
- 52103
- Imported
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- Source text, unreviewed
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